Lockheed Martin Jumps 7.21% Premarket After U.S. and Israel Launch Strikes on Iran

Lockheed Martin shares climbed sharply in premarket trading on March 2, 2026, after U.S. and Israeli forces carried out coordinated strikes on Iran, driving a broad rally in defense stocks. The stock traded at $702.00 before the open, up $47.23 or 7.21% from its prior close of $658.08, and has already moved above the one-year average analyst target of $657.58. Investors are positioning for the possibility of expanded U.S. military spending, with Lockheed posting a 36.06% year-to-date gain and a 51.74% one-year return.